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CNN The Lead With Jake Tapper June 4, 2024 20:12:00

Furloughed. and as all that money drained away from consumer spending, it might send the u.s. and global economies into a tailspin and perhaps even a major depression. >> we know that it would be a catastrophe for our country to default. >> reporter: yet treasury secretary jessica yellin in a letter to house speaker kevin mccarthy warns it could all happen, potentially as early as june 1st, and it would cause severe hardship to american families. financial analysts broadly agree the stock market...
Consumer Spending Kevin Mccarthy Jessica Yellin Treasury Secretary June 1st Stock Market

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